**Offers due at 5PM on July 15th** The Grant Chapppell Team is pleased to present 827 Warfield Avenue, a twelve unit multifamily property located in the Grand Lake neighborhood. The property consists of ten 1-bedroom apartments; one large 1-bedroom apartment with formal living and dining rooms; and one studio apartment. A full seismic retrofit was completed on the property along with recent unit turnovers. The property also features a partially remodeled ADU in the rear that can be rented for additional income. The upper units boast views of the surrounding hills and Lake Merritt. Due to below-market rents on a majority of the units, a new owner can expect higher rents on turnover.
Off market
$4,618,571
827 Warfield Ave, Oakland, CA 94610
--beds
0baths
8,994sqft
Other
Built in 1926
-- sqft lot
$-- Zestimate®
$514/sqft
$2,389 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Wall
Cooling
- Central
Features
- Flooring: Tile, Other, Hardwood, Laminate
- Basement: Finished, Unfinished, Partial, Storage Space, Apartment, Separate Entry
Interior area
- Total interior livable area: 8,994 sqft
Property
Parking
- Total spaces: 8
- Parking features: Carport
Features
- Exterior features: Other, Stucco
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,000 sqft
- Features: Regular
Details
- Parcel number: 1184211
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Other
Condition
- Year built: 1926
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Oakland
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Flooring: Tile, Laminate, Hardwood, Other
- Basement: Finished, Unfinished, Partial, Storage Space, Apartment, Separate Entry
- Roof: Unknown
- CarportYN: true
- HeatingYN: true
- TenantPays: Cable TV, Electricity, Gas, Other
- NumberOfUnitsTotal: 12
- ConstructionMaterials: Stucco
- LeaseTerm: 12 Months, Month To Month
- PropertySubType: Other
- ParkingFeatures: Off Street, Carport - 2 Or More
- ExteriorFeatures: Other
- Heating: Wall Furnace
- OtherEquipment: Other
- TotalActualRent: 0
- MaintenanceExpense: 9000
- LotFeatures: Regular
- ExistingLeaseType: Security Deposit, Written Agreement
- Cooling: No Air Conditioning
- MlsStatus: Pending
- GrossIncome: 305334
- GrossScheduledIncome: 382800
- InsuranceExpense: 5693
- NetOperatingIncome: 253364
- OperatingExpense: 116078
- ProfessionalManagementExpense: 13376
- VacancyAllowance: 9160